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Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
Edition 19ISBN: 978-1305654921 Exercise 21
Brothers Don and Harley Shoemaker signed a written partnership agreement for D H Real Estate, in which each had a 50 percent interest. The agreement provided that in the event of the withdrawal of a partner, the remaining partner(s) would have the right to continue the business of the partnership. Twelve years later, Harley sent Don a letter saying he was withdrawing from the partnership in 90 days. The parties could not agree on a valuation of Harley's partnership interest, and eventually Harley sued. Did Harley's withdrawal dissolve the partnership? [Shoemaker v. Shoemaker, 745 N.W.2d 299 (Neb.)]
Explanation
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In the present case if one of the brothe...
Cengage Advantage Books: Law for Business 19th Edition by John Ashcroft,Katherine Ashcroft,Martha Patterson
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